Digital payment company Mogo announces plans to allocate $50 million in Bitcoin as capital preservation

Odaily Planet Daily News: Digital payment and fintech company Mogo Inc. (NASDAQ: MOGO) announced that its board of directors has authorized the allocation of up to $50 million in funds to Bitcoin as part of the company's long-term capital preservation and product innovation strategy. The funds will come from excess cash on the balance sheet and will be supplemented over time through additional monetization of the investment portfolio. The company's initial goal is to gradually expand its Bitcoin investment scale to $50 million through phased investments, while ensuring sufficient operating capital for its business operations. （Businesswire）